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Required Information [The following information applies to the questions displayed below.) Milea Inc, experienced the following events in 2018, its first year of operations: 1.
Required Information [The following information applies to the questions displayed below.) Milea Inc, experienced the following events in 2018, its first year of operations: 1. Received $20,000 cash from the issue of common stock. 2. Performed services on account for $56,000. 3. Pald the utility expense of $2,500. 4. Collected $48,000 of the accounts receivable. 5. Recorded $10,000 of accrued salaries at the end of the year. 6. Pald a $2,000 cash dividend to the stockholders. b. Prepare the income statement, statement of changes in stockholders' equity, balance sheet, and statement of cash flows for the 2018 accounting period. Answer is not complete. Complete this question by entering your answers in the tabs below. Req B1 Reg B2 Reg B3 Req B4 Prepare the statement of cash flows for the 2018 accounting period. (Amounts to be deducted should be indicated with a minus sign.) MILEA INC Statement of Cash Flows Required information Answer is not complete. Complete this question by entering your answers in the tabs below. Req B1 Req B2 Req B3 Reg B4 Prepare the statement of cash flows for the 2018 accounting period. (Amounts to be deducte minus sign.) MILEA INC. Statement of Cash Flows For the Year Ended December 31, 2018 Cash flow from operating activities Cash received from customers s 48.000 Cash paid for expenses (2,500) $ 45.500 Net cash flow from operating activities Cash flow from investing activities Cash flow from financing activities Issue of stock Paid dividend $ 20,000 (2,000) 18,000 63.500 Net cash flow from financing activities Net change in cash Plus: Beginning cash balance Ending cash balance $ 0 s 63 500
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